AI server demand is pushing MLCC and barium titanate makers into the spotlight
创业邦 · wechat · 2026-07-25
- The article argues that the AI boom is spilling over into MLCC demand, especially high-capacitance parts used in AI servers, where usage can exceed 20,000 units per server versus roughly 2,000–3,000 in traditional servers.
- It explains why ceramic powder and barium titanate are now getting investor attention: high-end MLCC supply is concentrated, high-spec ceramics are scarce, and the article says Kuo Ceramics is one of the few firms able to mass-produce nano-scale hydrothermal barium titanate in China.
- The piece also warns that the market may be overpricing the story: the company’s MLCC powder business is only part of a larger materials portfolio, many products are still in R&D or ramp-up, and the stock already fell sharply after the rally.
- Overall, the article frames this as a lesson that AI demand can re-rate upstream manufacturing, but converting that excitement into earnings still takes years.
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